Obama: Hey, at least I'm the incumbent

At a fundraiser in Washington last night, President Obama tries out humor as a coping mechanism:

Now, I know that, over the last couple of months, there have been Democrats who voiced concerns and nervousness about, well, in this kind of economy, isn’t this just — aren’t these just huge headwinds in terms of your reelection? And I just have to remind people that — here’s one thing I know for certain: The odds of me being reelected are much higher than the odds of me being elected in the first place. (Laughter and applause.) And in that spirit, I just want to point out, it was somebody during the photo line who — I think right here — made what I think is a very important wish. And that is that my next inauguration is warmer than the last one. (Laughter.)

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The line could recall, for donors, the heady days of 2008 when the world was young and Obama was an inspirational insurgent. But it's notable that Obama would be acknowledging Democratic anxiety about his job security in the first place.